After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
Subsidiaries of state-run energy conglomerate China Energy Engineering Corp have started constructing two major solar plants and one of the largest energy storage systems in China, according to filings on the Stock Exchange of Hong Kong (HKEX).
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
NEC has now executed five grid-scale battery energy storage projects in China and been awarded another, winning deals in spite of what a company representative described as “aggressive” price competition from domestic vendors.
Chinese solar inverter manufacturer Sungrow not only continues to lead the global market for inverter shipments, the company’s energy storage business enjoyed huge growth in revenue during 2018.
A 100MWh battery energy storage system has been integrated with 400MW of wind energy, 200MW of PV and 50MW of concentrated PV (CPV) in a huge demonstration project in China.
VRB Energy, a maker of flow batteries headquartered in Canada and owned by a metal resources and mining company, said the first phase of a 40MWh flow battery project in China has now been commissioned.
China’s State Grid Corporation will build 6GW of pumped hydro storage as part of ongoing efforts to cut rates of wind and solar power curtailment.
CATL, a major Chinese manufacturer of lithium-ion batteries, has just opened its first sales and service centre in North America.
Vanadium redox flow battery maker VRB Energy has begun commissioning a 3MW / 12MWh energy storage system project in Hubei, China, which is expected to help serve as a demonstrator for much larger projects to come.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it - along with Africa - as having “high growth potential” for the pair’s products.
As well as Elon Musk remarking that the company may have had its “best ever quarter” for solar since the SolarCity takeover, Tesla’s energy storage deployments have enjoyed a ramp up, while a fellow exec hinted the stationary battery business is constrained by cell supply.
There are very different drivers for deploying energy storage in the four provinces of China that announced significant capacities of projects this year, the China Energy Storage Alliance (CNESA) has said.
Energy storage projects were under construction across four provinces of China, amounting to 340.5MW of new capacity during the first half of this year in the country, according to the China Energy Storage Alliance (CNESA).
News in brief from around the world of energy storage.
At this year's Intersolar Europe/ees Europe event, Ron Shen of GoodWe spoke on camera with our sister site PV Tech. The China headquartered inverter manufacturer, which has recently diversified into adding capabilities such as module-level monitoring and optimisation to its range and launched products specifically aimed at the growing market for bi-facial (two-sided) solar panels, sees energy storage as a critical component of a successful future PV business.
Swiss vertically-integrated battery and energy storage system and equipment maker Leclanché has followed sonnen in netting a significant amount of investment to go into the second half of 2018, securing CHF75 million (US$76 million) from its main existing investor.
The huge increase in demand for safe and reliable batteries to store energy from renewable sources such as solar and wind heralds a new lease of life for advanced lead batteries, argues Dr Andy Bush of the International Lead Association.
The US is expected to remain the world’s biggest market for energy storage until 2022, with China its closest rival, GTM Research has said.
Narada Power, which makes batteries and complete energy storage systems as well as acting as a project system integrator, is establishing a subsidiary for the recycling of lithium-ion batteries.
ROUNDUP: NEC ES’ new CEO, Leclanché 15MWh battery-thermal hybrid, Narada’s modular C&I China project
News in brief from around the world of energy storage.
A project demonstrating the integration of energy storage onto grid networks in Hubei, China, will see the first phase of a 10MW / 40MWh project built by Pu Neng, a vanadium flow battery manufacturer.
Primus Power, a flow battery maker which claims its systems can cost less than half the price of lithium-ion energy storage over its lifetime, is establishing manufacturing lines in China.
With the rise of solar-plus-storage applications round the world, Frank Qiao, sales director at Growatt New Energy, talks to PV Tech about some of the key inverter trends and new products.
While the global energy storage industry has continued its pace of rapid growth during the past year, well-established markets remain highly concentrated in specific regions of the world. Alex Eller of Navigant Research discusses many of the factors influencing growth trends for energy storage at both utility-scale and distributed levels.
San Diego, California's ultracapacitor-based energy storage manufacturer Maxwell Technologies has signed a stock purchase agreement with China’s SFIC Fund Management – a significant investor in China’s storage industry – at US$6.32 per share.
California-headquartered grid-scale electrical energy storage company Primus Power has secured US$32 million in equity financing from a range of investors including a well-known Saudi family, to help accelerate its EnergyPod 2 storage system.
A large-scale energy storage system designed and developed by Narada Power for GCL Silicon has successfully been put into service. The system now stands as the first commercialised energy storage system in China.
Turnkey energy storage system provider Demand Energy has commissioned a solar-plus-storage microgrid in Costa Rica at a medical manufacturing facility.